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with the big debt talk. congressional leadering returning to the table this morning, after the grand bargain broke down last saturday and a tense 75-minute meeting last night failed to move negotiations forward. at 11:00 this morning, the president will hold a news conference to press publicly for his big deal. yesterday, his top economic adviser said the u.s. is out of options. >> we make 80 million checks a month to americans, 55 million people on social security benefits, millions more americans on veterans benefits, medicare, medicaid. people who supply our troops in combat. on august 2nd, we're left with cash on hand and the cash we take in. there is no credible way to give congress more time. there's no constitutional option, there's no delay option, there's no creative financial option. they have to act by the 2nd. >> no constitutional option, 14th amendment, off the table. here's what we know, debt talks appear to be at an impasse and here's why. the president is still pushing a big deal. democrats say the fallback plan, this $2 trillion plus package that was partially negotiated in
to ask the big oil companies to give up one dime not one dime of their $4 billion annual subsidy. they have refused to ask big corporations to give up one dime in their corporate loopholes. what we are negotiating with is a group of people who won't compromise. a group of people who have said we want the middle class to pay more taxes so that big corporations can pay less. we want seniors to lose their medicare so that big oil companies can continue to foost on their subdis. that's what the problem is. >> the case that republicans have taken a hard line on talks, at the same time democrats are taking what sounds like a hard line on entitlements. let me read a statement from leader pelosi that says we continue to oppose benefit cuts in social security and medicare. these pillars should not be used a as piggy bank to subsidize tax cuts for the wealthy. are democrats not just as guilty of failing to compromise as republicans are in this case? >> no, absolutely not. what we have said and i think most americans would agree with this is the middle class and seniors should not be asked
clearly we have a bought one. time to change that. our show starts right now. >>> well, the big story today, whether we like it or not, round 4. right now congressional leaders walking back into the white house for the fourth straight day of debt talks with president obama. it is hump day here in new york city, and across this great land. i am dylan ratigan. a pleasure to be seeing you. debt negotiators have yet to get over their trillion dollar hump and agree on a debt deal to keep our nation functional, the president stepping up the fearmongering, warning that seniors may not be able to get their social security check next month if congress does not act. quite simply, that would not happen. on the gop side, speaker boehner said any deal would be a crapshoot. house majority leader eric cantor, king of the prowrestlers these days, a leading voice emerging, aligning with the extremely far right idea logically prime minister study committee, in guarantees another job-killing debt crisis. that's a good talking point. i think most notably we'll stop spending on pod people or -- does
with markets in a bad way. >>> and then the big tease. julie yanni w giuliani. will think of these folks get in the game? the summer of speculation. good morning, thursday, july 14, 2011, i'm chuck todd. >>> and the nbc campaign team is doing a lot of prep today. doing that behind the scenes but why not to get right to my first reads of the morning, hurdling towards the huge financial calamity. ratings agency moody's put the government on notice for a possible credit downgrade. as leaders try to broker a deal, personal relationships are breaking down. president obama and house majority leader eric cantor clashed yesterday after the president frustrated by the lack of progress, saying it was time to stop postures and get the deal done. cantor went to the press telling his version of story. cantor said, obama got very agitated seemingly and sat there long enough. and no other president, ronald reagan, wouldn't sit here and he said to me, eric, don't call my bluff. democrats dispute his version of the event. one said cantor's account of tonight's meeting is completely overblown. cantor rudely i
that would have reduced spending by $4 trillion over the next decade. but if mr. boehner wanted to do a big deal, the majority leader eric cantor threw cold water all over it saying that the congressional republicans would reject any revenue increases as part of the deal. as for the president, he said that he is willing to take political hits from his own party, but not at the expense of struggling americans. >> i am prepared to take on significant heat from my party to get something done. i expect the other side should be willing to do the same thing if we are going to actually solve the problem, there are finite number of ways to do it. if you don't have revenues, it means you are putting more of a burden on the people who can least afford it. that's not fair. >> nbc's kristen welker is live at the white house. kristen, the president spoke about his willingness to take in his words significant heat from his own party in reaching a compromise, and he was clearly suggesting that the republicans must do the same, but will they? >> well, it is an interesting question at this point the two sid
>>> big news in washington this morning. one debt ceiling deal seems dead. will a critical meeting later today help save the country's economy. >>> the space shuttle docks for the last time with the space station. we'll get a unique perspective from a former astronaut. >>> rolling out the red carpet. take a look at this. the british royal couple meet and greet some of hollywood's biggest stars. we'll get all the buzz from their trip. >>> busting medical myths. a new book that separates fact from fiction on some big health questions. for example, does vitamin c really help stop holds? i'd like to think so. >>> good morning, i'm thomas roberts. alex witt has the day off. welcome to msnbc sunday. big news to talk about from washington this morning on those debt ceiling talks. it appears at least one deal is dead. the so-called grand bargain between the white house and the gop will not be happening. the grand deal called for $4 trillion in spending cuts and closing some tax loopholes. now republican house speaker john boehner says he wants no tax hikes included in the deal. but could a
are loop hoeholing loopholings. >> shouldn't they hold firm, democrats, on this. >> this is a big step forward for john cornyn, one of the big leaders in the -- a leader in the republican senate campaign committee to suggest they're open to the idea if not in the intermediate term closing loopholes is an important first step. it suggests that you can win some of your concessions you want here. if you're going to take drastic steps to reform medicare and medicaid and social security, which i agree we should, you should also hold firm to say that some are going to have their taxes changed. if the middle class and the people below the middle class are going to make sacrifices, and all americans should. people on the upper oechend sho as well. hopefully they'll agree to a corporate tax cut and hopefully doing something incentivize businesses hiring going forward. >> we got some great segment ms ahead. and must reads. the tax issue hurts it economy to deal with this a little bit and get what the democrats want on this. i don't think it does. >> i want patrick to explain this. he never quite
happened essentially is that this jobs report came over and poured a big bucket of cold water on hopes of a quicker recovery. it tells you that there was a slowdown and a real standstill in hiring that happened in may and june. what we're going to be looking for, by the way, next week is the beginning of earnings season to try to see that if in the slow growth economy companies found a way to make money again. >> steve also says companies hoping to see more confidence on the part of consumers before they have the confidence to start hiring. >>> capitol hill will be buzzing today ahead of a major meeting at the white house tomorrow on the debt ceiling. top lawmakers from both sides of the aisle will sit down president obama and vice president biden hoping to get closer to cutting a deal. this morning the president said there is common ground, but it will mean unpopular decisions by both parties. >> we agree on some of the big things. we agree that after a decade of racking up deficits and debt we need to get our fiscal house in order. we agreed that to do that both sides are going to ha
a lot to talk about. big news over the budget and deficit reduction. president obama is rejecting calls for a short-term hike. he made a rare appearance in the press room. he's challenging them to seize the moment and cut a deal. >> i don't think the american people here sent us here to avoid tough problems. it's, in fact, what drives them nuts about washington. when both parties simply take the path of least resistance. i don't want to do that here. i believe right now, we have a unique opportunity to do something big. to tackle our deficit in a way that forces our government to live within our means. still allows us to invest in that future. >> all right. sounds good. sounds hopeful, it does. maybe something will get done, like everyone is going to come in. less than an hour after the president's invitation, john boehner missed the discussions saying a deal won't pass in the house, if it includes tax increases. he said, i'm happy to discuss the issues at the white house, but the discussions are fruitless until the president recognizes economic and legislative reality. >> that doesn't
that she could catch fire. look, when you start this thing, when you win iowa, if you win iowa big, that thing starts rolling through new hampshire and south carolina, it's over in weeks. i agree 100%. >> how was she going in philadelphia suburbs? how is she going to do in the i-4 corridor and in wisconsin? how is she going to do in new mexico, arizona? i would suggest, with swing voters not well at all. >> there's no doubt if you nominate michele bachmann, it's an enormous risk. the only conditions, i think, under which i believe she could win the presidency, if people say, if they did in 1980, i don't care, i'm taking a chance with this guy because what we got we can't stand, you get 9% or 10% unemployment, two more years, this country is ready for a lot of change. more "morning joe" in a moment. with the hotels.com 48-hour sale, the possibilities are endless. interesting... save up to 50% this tuesday and wednesday only. hotels.com. be smart. book smart.  finally, there's a choice for my patients with an irregular heartbeat called atrial fibrillation, or afib, that's not cause
? >> what we need to do is the president proposed that we deal with this very big problem in a big way. and that democrats should put all of our sacred cows on the table. we demonstrated that we're willing to put all our sacred cows on the table. the republicans are simply not willing to do anything but sit on their hands and cross their arms like spoiled children, almost. and that's just not responsible. what democrats want to do when it comes to dealing with entitlements is make sure that we don't end medicare as we know it. that we don't cut benefits but we look at medicare and social security in a way that can preserve the long-term solvency of those programs and not propose what the republicans have to end those programs. >> speak of safety nets, the president did say in his interview last night that he could not guarantee that he would continue paying social security benefits if there were a default. this is what michele bachmann had to say about that. >> we were all shocked and appalled that president obama dangeled out in front of the cameras that senior citizens may not get th
think speaker boehner has been very sincere about trying to do something big. i think he'd like to do something big. his politics within his caucus are very difficult. >> well, here's what he means. in a new poll, we see the complicated political caucus they are dealing with. the number of americans who are very concerned about default has ticked up seven points in the last two months. then it was just 35% believe not raising the limit and risking default was worse than raising it and potentially spurring more spending. now 42% see greater risk in a potential default, 47% are more concerned about lifting the limit but the gap has narrowed. that gets you talking about the education of the public in the last two months. look at the republican side. the folks who have been more engaged in this debate since the outset, the numbers have only hardened. 66% of republicans are more concerned with raising the debt limit compared to 60% in may. that number rises to 75% among republicans who identify with the tea party. so this is the issue. and speaker boehner has said he would only raise the d
this theater for however long it's been now really pumps it up. i never thought there was going to be a big deficit or debt reduction deal between the two parties because it's not in the interest of either party. i think the republicans were tactically terrible because they allowed obama to sort of portray himself or present himself as the one who is above the fray and who is interested in making the most cuts to the budget and to the debt going forward. and then making it appear, not appear but it's true, the republicans are walking away from a real deal to cut spending in this country. also, it gave obama and the democrats a chance to spotlight the republicans position on taxes. there's no way to get a handle on budget deficits over the long term debt without raising somebody's taxes. >> if this is raising the white flag, if this is going against the base, what is the difference between this and cutting a deal on tax loopholes and other things that would not impact their message overall. what makes this better? >> this is horrible. >> it's stupid. >> it's a nightmare. it's cynical. the se
to a short-term agreement on raising the debt ceiling as long as it's part of a big deal. yesterday, he called democratic leaders and later, republicans to the white house for more talks. gop leaders called those meetings productive. then there's the renewed gang of six plan, which offers a blueprint for a deal. >> devil is in the details. >> it doesn't have the stamp now of the committees on the house and senate side and that is going to be essential. >> but it has problems, too. some liberal members worry about its impact on social security and medicare, and the closed door meetings that led to the plan. >> we are an anti-gang group. we are trying to suppress the growth of gangs. we think that it is not healthy for washington. >> the negotiations could go down to the wire, with the nation's spending power hanging in the balance. >> it isn't perfect but when the alternative is we're going to drive this country over the cliff, i think we got to start with something that actually gets the job done. >> the one thing we've been committed to is getting a solution. >> mike, where do we stand
unpublished research that indicates it might be simply big time peptide disorders. we don't know. i don't think it's as simple as trying to pass by the kentucky fried checken outlet without going in. this is a serious medical problem. we need to know more about it before we know how to treat it right. >> not that i disagree with you, governor but sometimes we reach for more complex reasons when the simpler reasons are in front of us. the tv remote control clicker and video games. this nation is filled with kids from 8 to 18 who never get off the couch. look at the advertisements for the real to life video games we have around us. that's all they play. they don't go out and play catch or run down the block to get milk. >> i think that's true. i didn't mean to say it had nothing to do with it but i think it's going to be a complex set of problems. it's going to defie easy political solutions. >> we'll move on to the budget. nine of ten states with the highest obesity led by mississippi, alabama and west virginia. they lead the nation in diabetes and high blood pressure. it's, you know, ob
, 6:00 out west. here is what's happening foreyou this morning. big news on the debt ceiling on the eve of today's meeting at that time white house. republicans pulled out of the grand bargain. the grand deal called for $4 trillion in spending cuts. republican house speaker john boehner says he wants no tax hikes included in the deal. could a plan for $2 trillion in cuts still work. nbc news white house correspondent mike viqueira has more on why this collapsed. >> good morning, thomas. >> john boehner is voting for a smaller measure. what's included in the $2 trillion plan that's getting these talks still invigorated? >> let's first sift through the wreckage of what happened late last night. it is extraordinaire, thomas. president obama and house speaker john boehner had agreed they wanted to go big. bigness is a target they said here at the white house. $4.5 trillion, it would have been on a historic scale. we're talking about a dramatic over all of the tax code, reducing tax rates. eliminating entire tax brackets, simplifying the tax code, closing loopholes, tax breaks, su
are going to have a big choice -- they picked this fight with the president for a reason, the debt limit is not going to be raised unless we do something on the deficit projections now and in to the future. but the problem with the house republicans is, they never answered affirmatively in a politically sa political politically saliable way what the a the answer should be. you have to have a plan that can pass both chambers and the president can sign. otherwise, you're talking past the other party. >> the question is, nicole, what is republican position right now? at the end of last week, we had republican leaders on in the house, guys i like very much personally. been a champion of paul ryan. back from the time i met him, in 1994. but we ask, what do you want? and their position was, it's not enough to close the tax loopholes. we've got to cut tax rates, income tax rates for individuals and corporations. that's not going to happen in 2011. they know it's not going to happen. i say, okay, let's say you got that done, would that be enough? then paul ryan said, no. we need a fundamental tr
into the gap. mark teixeira, robinson cano putting one up. bottom of the seventh, big play. two outs. cleveland's lonny chizen hall pops one. that should have ended the inning. they can't get to it. instead chins hall reached on the walk. it's a one-run game. same inning, still two outs. remember, the yanks should have been out of the inning. austin kearns blast add three-run home run. indians go on to win the game, 6-3. >>> royals and whoks, chicago's adam dunn has just one hit off lefty pitching this year. that was a second hit all year off lefties, white sox fans give him a standing ovatioovation. dunn gives them a tip of the cap. tied game, two outs. white sox. runners on second and third. no. no. a balk-off. home plate umpire calls a balk on pitcher aaron crow. a.j. pierzynski comes home for a winning run. remember we saw that. now the royals join the dubious list of teams that have lost on a walk-off balk. white sox win, 5-4. >>> it hasn't been the smoothest start for the washington nationals. le jayson werth, he's hitti hitting .224, getting booed by the home fans. two outs in the fourth
boehner and president obama are still in contact. they are still working towards an agreement. big stumbling block, taxes still in the way, martin. >> i should explain, mike, that you're inside because there's a lot of rain outside the white house today. >> another major storm, that's right. >> absolutely. >> thanks so much. >> well, now that he's walked out of debt talks with vice president biden, taken a fight to president obama and clashed with speaker boehner, is there any compromise that will sit with house majority leader eric cantor? nbc's luke russert is covering that. republicans, what are they willing to sacrifice in order to reach an agreement? got a copy of the "washington post" which liberally quotes you, but have you been able to get an answer to your question yet? >> reporter: no, and they offer two explanations as to why, martin. number one, they say that a concession republicans are making is just in fact allowing the debt ceiling to go up because that's something that's so unpopular within the house republican caucus. the popular sentiment here in washington, d.c.
the table, the problem is so big we won't bo able to fix it and the politics are such that it's going to be impossible to get everybody around the table to come one a deal. it really is time for everybody to put these lines in the sand aside and start trying to fix the problem, which is what i think is gang of six did this week breathes a lot of new life into this whole discussion of how do we fix this problem in a way to get a lot of people to sign on and by doing it smartly that's going to help tremendously. >> do you think that the market, the rating agencies and others looking at it from the outside will take it seriously if there is some sort of agreement, a handshake whatever you call it between the president and the speaker of the house that has 217 votes and can get through the house, that there's an agreement for things that will be triggered down the road, is that going to be good enough, tax reform down the road? >> there's a lot of risk. people tend not to believe politicians doing hard things later. at the same time we need to lift the debt ceiling. we need to do that rig
couple of days. here is the heat. this is the big story. high pressure continuing, it's been locked in all summer. sunshine, temperatures in the 100s. upper 90s around baltimore. monday, even on into tuesday. watch the numbers. 92, new york city on tuesday. and 110 in dallas. by tuesday afternoon that would make like day 32 in a row of 100-degree plus heat. and we'll continue to see the heat through the week. showers, thundershowers on radar through parts of new york state. and bigger clusters down through parts of carolinas. they'll continue to roll east. quiet weather basically in the northern tier of the u.s. and some showers and thundershowers across parts of the southeast today, once we get daytime heating. we keep the heat where it's been. >> okay, thank you so much. >>> miracle landing. a jet from new york crashes just short of a deep ravine, and everyone on board survives. jew you'll hear from a passenger. >>> will iran free the two american hikers held in tehran? they heed to their final trial today. >>> and the behind the scene negotiations on capitol hill. why are we seei
we all know the country needs which is the big deal. $4 trillion of deficit reduction to get our debt going down to put america on a stronger fiscal foundation going forward. that's really what's required. i believe it's still achievable. but we've got to change a little bit about how we talk about these things on both sides. >> you said at this point you think the president is right to threat tn veto. what if it's august 1st at midnight and approaching august 2nd, the markets are clamoring, would you still say that a short-term extension and continued talks are not the best option? >> you're a very good reporter. you pick up on nuance, don't you? >> we try. >> i don't want to bargain against my position. so i think it's critically important that the president continue to push for what we all know the country really needs. it's incumbent on both sides, on both sides to come together and do what's right for america. >> chairman conrad thank you very much. good to see you. >> good to see you. >> the big question looming over all of this and the debt talks is what will happen if a deal i
, actually, if they know there's a big deal behind it will be quite -- wouldn't they, john heilemann? >> i think so. the time is tough right now. listen to harry reid and mitch mcconnell who know how the senate works and how long it takes to do the following things, to reform medicare and tax reform. they are things that typically can take many months to get done. >> isn't it a surprise? it wasn't a surprise the show started at 6:00 a.m. on the east coast. it's no surprise we have a deadline. >> to build the legislation is not something that can happen in the span of four or five days. you can't. the key issue is what obama will be wanting to see is the outlines of a deal where he has a good assurance the outlines of the deal can get past once the meat is put on the bones. if that's the case and the markets see that, everything will be fine. whether it's a few days extension or a couple weeks, it's going to take a lot to get to that point. there's no consensus on the house side among house republicans in favor of what the gang of six is doing. as we saw in the film, the video, house democr
that are showing the age, and you can imagine the big plan to spend the money for the upgrade of the infrastructure and something of long lasting benefits to be done over several years and not one-off stimulus, but takes place over five or ten years and you could spend a half a trillion or trillion dollars and if you did, that you might want to think about simultaneously fiscal restraint on the health care cost are the long-term deficit problems and make sure that the interest rates don't rise and offset the rises, but there is a real opportunity to put construction workers to work, and make the infrastructure stronger. >> when we talk about jobs, we tend to talk about congress a lot, but you report on the federal reserve, and it is the power over the economy that people often underestimate. so what if ben bernanke could get enough votes on the board, what could he do to help? >> well, the federal reserve is aggressive in trying to support the economy. they have the normal tools all employed. they cut the interest rates to zero and keep them there for a long time and if they do something more, it i
, it made taxpayer funded bailouts illegal. so tax payers don't have to foot the bill if a big bank goes under. second, it said to wall street firms, you can't take the same kind of reckless risks that led to the crisis. and third, it put in place the stronger -- the strongest consumer protections in history. and make sure that these protections work so ordinary people were dealt with fairly so they could make informed decisions about their finances. we didn't just change the law. we changed the way the government did business. for years the job of protecting consumers was divided up in a lot of different agencies. so if you had a problem with the mortgage lender you called one place. if you had a problem with a credit card company, you called somebody else. it meant there were a lot of people who were, but that meant nobody was responsible. and we changed that. we cut the bureaucracy and put one consumer watchdog in charge with just one job. looking out for regular people in the financial system. this is an idea that i got from elizabeth warren who i first met years ago. back then this
update on the situation in mumbai. >>> now to our other top story, several big developments in the explosive hacking scandal threatening rupert murdoch's media empire. earlier today, news corp suddenly called off its $12 billion bid to take over british sky broadcasting, the largest satellite broadcaster and hours before parliament was scheduled to vote against that deal. also today, prime minister david cameron said he would look into allegations that 9/11 victims were targeted in the scandal and here at home, new york senator jay rockefeller wants the fbi to look into whether the scandal has crossed the pond. rockefeller and others want to know if news corp's papers have broken u.s. laws and spied on people here in the states. nbc's stephanie gosk joins us now from london. there was pressure for news corp to pull out of this deal, and they caved into the pressure here. >> reporter: british politicians are much like american politicians, don't agree on much, but came together over this issue. they felt that murdoch needed to back off of this deal, a multi-billion deal to ac
Search Results 0 to 25 of about 26